Appetite for Debt Increases, But Conservative Underwriting Remains 

By: Ellen Rand, contributing editor, Development Fall 2012

Even if the volume of new commercial mortgage lending originations dips in the second half of the year, the first half of 2012 has been robust. According to the latest figures available from the Mortgage Bankers Association, the level of commercial and multi-family mortgage debt outstanding increased by $8.1 billion, or 0.3 percent, between 1Q12 and 4Q11.